progen to merge with avexa, page-16

If the share price is anywhere near todays level at the time of voting in 3 months, i don't see it having a chance of getting 50% of the votes required to get over the line. Shareholders would want $1.10 which would be a 50% premium at around 73c (todays price).

Either the pgl shareprice increases to a level where there is a chance of this deal going ahead or the deal gets voted down - and shareholders get $1.10.

So thats either an increase in the shareprice before the end of March or $1.10.

Are there any other realistic scenarios that could play out?